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Today, Hewlett Packard is officially splitting its global company into two businesses. Forbes said that the two businesses will be known as a Fortune 50 corporation, with Hewlett Packard Enterprise Company headed by the former HP CEO Meg Whitman. HP, Inc, the other business, will be lead by new chief executive officer Dion Wesler, who is former HP executive vice president and the head of HP’s Printing & Personal Systems (PPS) business.
Last week, Whitman explained HP’s decision to split the company into two businesses. She said in an interview, “We’re leaving behind a company that was very large, running two businesses that were very different. We’re creating two new big companies, not bite-sized morsels, with real capabilities to change things… [But at the end of the day,] We have to ship products, we have to send invoices, we have to collect money. HP sells two PCs a second. A server every six seconds. We had to keep selling them.”
ZDNet wrote that HP’s decision was in contrast to the steps its other industry colleagues had taken over the last few weeks. Dell and EMC, for example, resorted to merging their businesses to scale up. However, the tech news site said that despite how different the strategy HP took, both new businesses are worth watching.
